“More than 550 properties operated by 140 separate public housing authorities in 39 states and territories will be inspected in the next five months to assess the condition and needs of the public housing portfolio.”

“Together with the prime contractor, Abt Associates, which will be responsible for data integration and cost extrapolation, CAS FAS will assess the condition of the portfolio & the funding needs.”

“If you had an aging portfolio of over 1.3 million apartments, wouldn’t you want to know how many billions of dollars are needed to bring the properties across the country back up to good physical condition going forward?” said David A. Smith, CEO of CAS FAS. “Congress does, and the short answer is ‘no one knows.’ That will change once we’ve completed our inspections, and the data have been analyzed. We’ll have accurate numbers for the first time.”

“Our inspectors will visit a statistically valid sample of 550 properties, which includes all the very large ones, operated by over 140 housing authorities across the country,” said Jed Lowry, CAS FAS’ director of capital planning. “At each property, they’ll inspect a subset of buildings and apartments, using a consistent data collection instrument applied in a standardized way. The results will be rolled up and analyzed to extrapolate portfolio-level scope and cost statistics.”

“Changes in construction methods have caused US buildings to become perfect petri dishes for mold and bacteria to flourish when water is added. Instead of warning the public and teaching physicians that the buildings were causing illness; in 2003 the US Chamber of Commerce Institute for Legal Reform, a think-tank, and a workers comp physician trade organization mass marketed an unscientific nonsequitor to the courts to disclaim the adverse health effects to stave off liability for financial stakeholders of moldy buildings. Although publicly exposed many times over the years, the deceit lingers in US courts to this very day.” Sharon Noonan Kramer

Information on Riverstone Residential, the Louisiana Housing Finance Agency, and the owners of Toxic Mold Infested Jefferson Lakes Apartments in Baton Rouge, Louisiana continuing to allow tenants to be exposed to extreme amounts of mold toxins